Business

From this week, StarBizWeek will be starting a new feature looking at key corporate personalities who have made the news. We kick off with Chan Guan Seng, a founding member and executive chairman of Apex Equity who announced this week his intention to sell his stake in the brokerage for the right price.

BEIJING: Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying.

CHINA was notorious for its corrupt officials. But since 2012, when President Xi Jinping embarked on an anti-graft campaign to eradicate the country of corrupt leaders, the results have been gratifying.

LAHAINA, Hawaii: Pacific Rim trade ministers failed to clinch a deal on Friday to free up trade between a dozen nations after a dispute flared up over auto trade between Japan and North America, New Zealand dug in over dairy trade and no agreement was reached on monopoly periods for next-generation drugs.

TOKYO: The Japanese affiliate of Ernst & Young LLC has launched an in-house investigation into its audit of Toshiba Corp in the wake of the electronics maker's $1.2 billion accounting scandal, a person with knowledge of the matter said.

BEIJING: Growth at China's big manufacturing companies unexpectedly stalled in July as demand at home and abroad weakened, an official survey showed on Saturday, reinforcing views that the economy needs more stimulus as it faces fresh risks from a stock market slump.

In times when there is volatility, risk averse investors try to look for avenues to get better returns for their investments. In trying to meet their objectives, we are starting a Stock to Watch column. The stock featured is an idea for long-term investors. We start with Malakoff Corp Bhd...